A decrease in supply with demand remaining unchanged will...
A decrease in supply with demand remaining unchanged will cause the equilibrium price for a good to
Be unchanged
Remain elastic
Remain inelastic
Rise
Correct answer is D
No explanation has been provided for this answer.
All economic systems must decide what to produce because ...
From the graph above, fixing maximum price of garri below equilibrium prices at P1 will ...
One major aim of a cartel is to ...
In a free market economy, the rationing of scarce goods is done principally by ...
Wages are to some extent determined by the ...
A major objective of the Federal Government's initiative on cassava production in Nigeria is to ...
The Quantity Theory of Money states that an increase in the quantity of money would bring about ...